ISSUE – Nov. 24 | A longtime VC on the virtues of not swinging for the fences

There’s a winner-take-all mentality in Silicon Valley. Unfortunately, it has distorted the thinking of countless entrepreneurs who’d likely be better off running smaller companies — and giving up less ownership to investors in the process. While funding announcements are widely celebrated as milestones, the reality is that founders often wind up with far less than their investors, and in plenty of cases, they can sell a company and make almost no money at all. [ Tech Crunch ]